BANKNIFTY Analysis

30 Mar 2023

Key Resistance level is observed at 40100-40200
if price broken this level we are also in buyside but a retracement is needed to go further upside for targets of 40330 and 40500,40650.
Buy only when retracement is done to these levels 39900 or 39700.

Sell Plan: Until price breaks 39700 strongly no plan of selling. will be on buy side for Next key Resistance level of 40500.

31 Mar 2023

Not

price opened above Resistance ...wait for the reversal at @40330 level to give some retracement towards 40100,39900 and 39700.

31 Mar 2023

Not

If price breaks 40500 enter long trade for 40650 level.. after break again retraced enter at 40400 level

31 Mar 2023

Not

If price breaks again 40360 go sort for targets of 40260,40200,40080